Green360 Reports 8.1% Revenue Growth and 118% EBITDA Improvement at Pittong
Green360 Technologies has made significant strides in low-carbon cement development through a joint venture with PERMAcast and reported strong financial growth at its Pittong kaolin operations. The company is progressing towards commercial-scale production of sustainable building materials while expanding into new markets.
- Non-binding MOU signed with PERMAcast for low-carbon retaining wall blocks
- High-quality metakaolin produced, outperforming global benchmarks
- Breakthrough in red mud-kaolin low-carbon cement with strong compressive strength
- Pittong kaolin sales revenue increased 8.1% to A$13.3 million in FY25
- EBITDA turnaround at Pittong with A$0.2 million profit, up 118% from prior year
Strategic Partnership to Pioneer Low-Carbon Cement
Green360 Technologies has taken a decisive step towards commercialising sustainable construction materials by entering a non-binding Memorandum of Understanding with PERMAcast. This joint venture aims to develop and market low-carbon retaining wall blocks tailored for the Western Australian construction sector. PERMAcast will finance key equipment acquisitions, including a block laying machine and concrete batching plant, positioning the partnership to meet a clear market demand driven by infrastructure, residential, and resource projects.
Technical Breakthroughs in Cement Innovation
Green360’s research and development efforts have yielded promising results with the successful production of high-reactivity metakaolin from its kaolin resources. Laboratory tests, conducted in collaboration with Murdoch University, revealed an amorphous content exceeding 88%, placing Green360’s metakaolin at the forefront of quality standards globally. This material is critical for reducing the carbon footprint of concrete while enhancing its durability and performance.
Further innovation was demonstrated through the development of a red mud-kaolin low-carbon cement blend. By substituting 30% of traditional Portland cement with this blend, the company achieved a 28-day compressive strength of 30 MPa, over 85% of the strength of conventional mortar. Importantly, the proprietary process also mitigates environmental risks by significantly reducing hazardous element leaching, aligning with circular economy principles and net-zero ambitions.
Pittong Kaolin Operations Show Robust Growth
The company’s Pittong kaolin operations in Victoria continue to build momentum, with FY25 revenue climbing to A$13.3 million; an 8.1% increase year-on-year. Sales volumes rose to 22,074 tonnes, reflecting successful market expansion and product development. Operational efficiency improvements contributed to a positive EBITDA of A$0.2 million, a notable turnaround from the previous year’s loss.
Green360 also secured a new supply contract with a Japanese customer for kaolin used in clean energy incineration, marking entry into a strategically important and environmentally aligned market. The company is advancing commercial-scale production of high-purity metakaolin, including material sourced from historical tailings, underscoring its commitment to sustainability and cost-effective resource utilisation.
Outlook and Commercialisation Pathway
With the joint venture’s equipment commissioning targeted for early 2026 and ongoing commercial trials of low-carbon cement blends, Green360 is well positioned to transition from development to market delivery. The company’s diversified product portfolio and expanding customer base provide a solid foundation for growth in Australia’s emerging low-carbon building materials sector.
Bottom Line?
Green360’s technical and commercial advances set the stage for a transformative year ahead as it moves closer to scaling sustainable cement solutions.
Questions in the middle?
- When will the joint venture with PERMAcast formalise binding agreements and commence production?
- How will commercial-scale trials of red mud-kaolin cement perform in real-world applications?
- What is the potential market size and revenue impact of the new clean energy incineration kaolin application?
